Which of the Following Statements About U

question 43

Multiple Choice

Which of the following statements about U.S.trade is true?

• A) On average, other countries buy more U.S. goods and services than the United States buys from them.
• B) The United States has a trade deficit with every country with which it trades.
• C) The United States typically has a substantial trade surplus in services.
• D) Since the U.S. GDP is the largest in the world, it has a very high export ratio.

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Definitions:

Convertible Debentures

A type of bond that can be converted into a predetermined number of shares of the issuing company’s stock at certain times during its life, usually at the discretion of the bondholder.

Conversion Value

The monetary value of a convertible security (such as a convertible bond) if it were converted into a predetermined number of shares of common stock, generally at the discretion of the holder.

Par Value

The face value of a bond or stock, as stated on the certificate, which is the minimum stated value.

Convertible Debentures

Bonds that can be converted into a predetermined amount of the issuing company's equity at certain times during their life, usually at the discretion of the bondholder.